FURNITURE: Two Into One

For years, Chicago's International
Furniture Co. and S. Karpen & Bros, have been at the top in their
fields. International, which had 1950 sales of $13 million, plugs its
popular-priced lines through such national outlets as Montgomery Ward &
Co. and Sears, Roebuck and Co. Karpen, on the other hand, has always
catered to the luxury trade (1950 sales: $8,000,000).

Last week the Cadillac and the Chevrolet of the furniture business got
together. For $3,500,000, said International's Top Man Jay Levine, he
and associates had bought the inventory and physical assets of the
Karpen Co. Levine, who bought control of...